US EditionWhite House Says Deal Gives US Control of TikTok Board and Algorithm
U.S. investors, including Oracle, will hold six of seven TikTok U.S. board seats and control the algorithm, addressing national security and privacy concerns, White House says.
- The US operations of TikTok will be majority-owned and controlled by Americans under a deal reached this week.
- Americans will hold six of the seven board seats for TikTok, and the video app's algorithm will be US-controlled.
- Oracle, Andreessen Horowitz, and Silver Lake Management LLC are expected to hold an 80% stake as part of the deal.
334 Articles
334 Articles
The White House says TikTok will be sold to a U.S. joint venture - San José Spotlight
After four deadline extensions to force a sale of TikTok, the U.S. is finally close to a sale agreement for the massively popular video platform, a White House official said Monday. The deal will move TikTok’s ownership to a U.S. joint venture compliant with a 2024 law forcing ByteDance, Tiktok’s corporate owner, to sell the app or else face a ban in the U.S., a senior White House official said on a call with reporters, speaking on the condition…
The White House Says TikTok Will be Sold to a U.S. Joint Venture
After four deadline extensions to force a sale of TikTok, the U.S. is finally close to a sale agreement for the massively popular video platform, a White House official said on Monday.The deal will move TikTok’s ownership to a U.S. joint venture compliant with a 2024 law forcing ByteDance, Tiktok’s corporate owner, to sell the app or else face a ban in the U.S., a senior White House official said on a call with reporters, speaking on the conditi…
The Western Journal
DailyTruthReportTikTok 'Deal Is Done,' Will 'Put America First,' White House Says
The future of the social media app TikTok will be in the hands of Americans, according to White House press secretary Karoline Leavitt. Six Americans will sit on the company’s […] The post TikTok 'Deal Is Done,' Will 'Put America First,' White House Says appeared first on The Western Journal.
The President: "Excellent work with their contribution" . Council by American majority (six out of 7 seats) with Oracle Data and Security Supervisor . The White House: "Agreement within this week"
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